Piperylene, a versatile organic compound known formally as 1,3 pentadiene, holds a significant position within the realm of alkenes. This colorless liquid with a distinct acrid aroma is a byproduct of the ethylene synthesis process, specifically during crude oil’s naptha cracking in the production of ethylene. Beyond its origin, piperylene plays a pivotal role as a monomer for various essential applications, including adhesives, plastics, resins, and intermediates.
The market penetration of piperylene-derived end products is substantial, boasting a wide range of applications like parcel tapes, envelopes, diaper fastenings, inks, and building materials. Its mechanical strength, resilience, and corrosion-resistant properties make it a preferred ingredient in numerous industries. Furthermore, piperylene serves as a crucial ingredient in the production of resins utilized for pressure-sensitive and hot-melt applications, such as waterproof coatings, road marking paint, and rubber traffic equipment.
The global landscape of piperylene-related polymers and derivatives witnesses dominance by regions like Asia Pacific, Europe, and North America. Emerging economies within Asia Pacific, notably China and India, have shown remarkable growth, capturing significant market shares in terms of volume and revenue. Simultaneously, Western European nations are poised to further drive the adoption of piperylene-based products, indicating a promising future for the compound’s diversified applications.
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Upsurge in the Trend of Green Chemistry to Facilitate the Growth in the Piperylene Market
Governments of several countries are emphasizing on implementing regulations on chemicals that are hazardous for environment, owing to the rising concerns regarding environment sustainability. Hence, growing trend of green chemistry or sustainable chemistry is being witnessed across the chemical industry.
Citing this trend, chemical manufacturers are reviewing their business strategies and shifting their focus towards adopting eco-friendly practices for the production of sustainable alternatives or less toxic chemicals. This is expected to favor the growth in the Piperylene market.
Key Piperylene Market Takeaways and Projections
- The US will lead the North America Piperylene market, projecting the fastest growth in the region between forecast period
- Germany will collectively hold the largest share in the Europe market over the assessment period.
- India will emerge as a highly remunerative market in South Asia, contributing significant revenue share in the region through forecast period.
- China will dominate the East Asia market, accounting for the largest demand share during the forecast period.
- In terms of segments, will hold the lion’s share in the market, expanding at a robust CAGR during the next ten years.
Competitive Landscape Analysis
The survey offers insights into critical trends and opportunities across technology industry and studies their impact on demand-supply forces in the Piperylene market. It also profiles a list of prominent companies including
- LyondellBasell Industries N.V.
- The Dow Chemical Company
- Exxon Mobil
- Shell Chemicals
- Triveni chemicals
- Braskem
- Yuhuang Chemical Inc.
- Zeon Corporation
- Shanghai Shangyi Chemical Technology Co., Ltd.
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Key Segments Profiled in the Piperylene Industry Survey
On the basis of application, the Piperylene Market can be segmented as:
- Plastics
- Adhesives
- Resins
- Others
Why Buy FMI’s Report?
- Extensive analysis on high growth niche markets across major regions
- Detailed assessment on key segments and sub-segments
- Recent and upcoming strategies tracked of manufacturers for the Piperylene market
- Reliable information on new product launches, technological advancements, and more
- Valuable insights on the impact of regulatory framework on the global Piperylene market
About Future Market Insights, Inc. (FMI)
Future Market Insights, Inc. (ESOMAR certified market research organization and a member of Greater New York Chamber of Commerce) provides in-depth insights into governing factors elevating the demand in the market. It discloses opportunities that will favor the market growth in various segments on the basis of Source, Application, Sales Channel and End Use over the next 10 years.
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